|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's range||28.77 - 29.39|
|52-week range||21.91 - 32.56|
|Beta (5Y monthly)||1.15|
|PE ratio (TTM)||5.87|
|Forward dividend & yield||1.93 (6.64%)|
|Ex-dividend date||23 May 2022|
|1y target est||38.23|
Italy's Eni and TotalEnergies of France began drilling an exploration gas well off the coast of Cyprus on Monday, the island's energy ministry said. Eni Cyprus and TotalEnergies EP Cyprus BV, the local units of the two energy majors, collaborate on the project. Eni is operator of the offshore area known as Block 6, with a 50% participation interest.
Italian oil major Eni plans to spend at least €2.5bn in the UK over the next four years as the government demands oil and gas companies significantly increase investment in Britain’s energy system or face a windfall tax on their soaring profits. The commitment by the group — the ninth-largest gas producer in the North Sea last year — follows bigger spending plans by rivals BP and Shell, which this month reported bumper quarterly profits. UK chancellor Rishi Sunak is coming under increasing pressure from MPs to impose a windfall tax on energy groups to help households struggling with soaring energy bills.
Eni is to open a rouble account with Gazprombank to comply with Russian demands for gas sales, a move that puts the Italian energy group on a collision course with Brussels over EU sanctions against Moscow. Eni’s announcement comes days before it is due to make its next payments for Russian gas from state-owned supplier Gazprom.